Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said.

Housing Market 440

Housing Market Marketing Insurance Mortgage 440

Housing Wire

NOVEMBER 16, 2020

FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. USDA loans. USDA loans are mortgages backed by the U.S.

Mortgage 485

Mortgage Insurance Real Estate Agent Real Estate 485

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. In March, FHA Commissioner Julia Gordon made it a little cheaper.

Loan Officers 354

Loan Officers Insurance Mortgage Real Estate Agent 354

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market.

Agents 456

Agents Sellers Buyers Finance 456

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 368

Insurance Loan Officers Sellers Mortgage 368

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 304

Real Estate Agent Real Estate Agents Loan Officers 304

Housing Wire

FEBRUARY 27, 2023

Consider, for example, just one aspect of purchasing a new home in 2023: obtaining mortgage insurance. Most borrowers don’t even know what mortgage insurance is, let alone how much it adds to their cost. Speed in buyer communication is absolutely critical. Respond immediately to any buyer inquiry — by text or by call.

Insurance 362

Insurance Contracts Buyers Mortgage 362

Realtor

NOVEMBER 7, 2023

If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. Costs of buying a home #2: Escrow account An escrow account is basically a way for your mortgage company to make sure you have enough money to cover related taxes and mortgage insurance.

Inspection 196

Inspection Insurance Sellers Buyers 196

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. According to the power buyer, it recorded a revenue increase of five-fold year over year through February 2022. Cutting hundreds of jobs.

Loan Officers 413

Loan Officers Modernization Finance Housing Market 413

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 534

Insurance Loan Officers Housing Market Appraisal 534

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. “There are 2.5

Loan Officers 329

Loan Officers Investors Legal Buyers 329

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes.

Marketing 359

Marketing Tools Loan Officers Finance 359

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ”

Mortgage 526

Mortgage Loan Officers Insurance Investors 526

Housing Wire

JUNE 24, 2021

According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 313

Valuation Real Estate Agent Real Estate Clients 313

Lamacchia Realty

DECEMBER 10, 2021

IMPORTANT THINGS BUYERS SHOULD KNOW ABOUT THE CLOSING PROCESS. The Closing Disclosure (CD) , which will be sent directly to you from your attorney or title company at least 3 business days before closing, lays out in detail the final terms of your loan including monthly payments and fees. Buyer Resources. Additional Resources.

Buyers 65

Buyers Insurance Realtors Loan Officers 65

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 394

Clients Agents Buyers Sellers 394

Housing Wire

DECEMBER 22, 2020

You can offer more if you’re looking to get a leg up over other buyers. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. You’re not alone.

Mortgage 421

Mortgage Property Taxes Loan Officers Sellers 421

Housing Wire

SEPTEMBER 23, 2022

“This creates a very challenging environment for volume-sensitive businesses such as mortgage originators and title insurers,” the analysts said. “Given the magnitude of the move in rates, we think there could be a downside to current estimates for industry volumes in 2023.” trillion in 2022 and $2.17

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

PennyMac

MARCH 4, 2024

Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment. When comparing mortgage lenders, be sure to inquire about which loans they offer, especially if you’re interested in a non-conventional loan, such as a FHA or VA loan.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 366

Technology Mortgage Tools Insurance 366

Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. ” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 435

Real Estate Agent Loan Officers Real Estate Agents 435

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 396

Mortgage Loan Officers Finance Investors 396

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans.

Buyers 405

Buyers Tools Mortgage Lending 405

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We of the production was conventional loans and 49% consisted of purchase loans.

Insurance 77

Insurance Loan Officers Mortgage Clients 77

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Cooper has been able to process loan documents quicker and more accurately, helping close loans faster and provide a better customer experience.

Lending 334

Lending Technology Investing Loan Officers 334

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Should a buyer fail to make payments later on, PMI helps the lender recover its losses.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 426

Business Mortgage Loan Officers Inventory 426

Genworth MI Blog

AUGUST 31, 2022

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. More buyers began purchasing homes as-is, waiving repairs. Some buyers have even gone a step further by waiving inspections altogether. Q: What are the concerns with buyers waiving inspections? .

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

PennyMac

FEBRUARY 13, 2024

Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances? If you’re selling your home and the mortgage on the home is eligible for assumption, you can allow a qualified interested buyer to take over your mortgage as part of the sale of your home.

Mortgage 53

Mortgage Sellers Buyers Finance 53

Housing Wire

MAY 7, 2023

Tracking the 10-year yield and mortgage rates are essential for housing inventory because when rates fall, buyer demand gets better, allowing more homes to be bought and getting a lid on inventory growth, which we have seen since 2012. While the labor market is getting less tight, it’s not broken yet.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. “So, it’s helped first-time homebuyers who are competing against all-cash buyers or corporate buyers.”

Mortgage 384

Mortgage Investors Clients Marketing 384

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Title plants are datasets of records that are critical to underwriting title insurance policies for real estate transactions. But for First American, its shrewd investments in rising proptech companies are a core business strategy.

Mortgage 353

Mortgage Real Estate Investing Technology 353

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” That process can take time. “If

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Homeowners Insurance.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. In a conventional loan, you’ll be expected to pay at least 3% of the total loan as the down payment. FHA Loans: Cons.

Insurance 36

Insurance Government Investing Mortgage 36